I will give a paper with Steve Keen on the mathematical model of the economy we are making. The essence is to add credit (or subtract net debt service to (from) income to get a measure of demand, to distinguish the FIRE sector (overhead) from the rest of the economy, and to distinguish commodity price inflation from asset-price inflation fueled by commercial bank credit.

Dave Kelley tells me that he will give a power point presentation on “Michael Hudson for Dummies” or some such title summarizing my new book The Bubble and Beyond, available on Amazon.

Global financial crisis: causes, consequences, cures
Central bank responses to the crisis: issues of democratic accountability, QE and inflation, regulatory reform
Fiscal policy responses to the crisis: issues of inflation, stimulus, debt sustainability
Real estate prices and mortgage problems
New directions in economics in light of the GFC
Impacts of the GFC on the BRICS and the developing world
Modern Money Theory, Functional Finance
Job Guarantee/Employer of Last Resort
Problems of Euroland ,

I will be elaborating this new model of credit FIRE at Kansas City at UMKC’s Post-Keynesian Heterodox Economics conference, again with Steve Keen. Its proceedings can be followed on the New Economic Policy blog that Economics Dept. chairwoman Stephanie Kelton set up, which should be viewed as a companion to my blog here.